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Silver Lake’s co-investors to put additional Rs 1,875 crore in Reliance Retail

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India Business News: US-based private equity firm Silver Lake’s co-investors will put an additional Rs 1,875 crore into Reliance Retail Ventures Limited (RRVL). RRVL is a

NEW DELHI: US-based private equity firm Silver Lake’s co-investors will put an additional Rs 1,875 crore into Reliance Retail Ventures Limited (RRVL). RRVL is a subsidiary of Reliance Industries (RIL) which is controlled by Asia’s richest person Mukesh Ambani The fresh investment brings the aggregate net by Silver Lake and its co-investors in RRVL to Rs 9,375 crore that will translate into a 2.13% equity stake in RRVL on a fully diluted basis.This latest investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore, RIL said.Mukesh Ambani, chairperson and managing director of RIL, said, “Silver Lake and its co-investors are valued partners on our journey to transform Indian Retail for the benefit of all Indians. We are pleased to haveā€¦

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